Business Insurance in Colorado Springs, CO
Business insurance offers vital financial safeguards, allowing you to manage risks and meet contractual and legal obligations. At Las Palmas Insurance Services, we guide entrepreneurs in choosing the policy that aligns with their needs.
Why Is It Important? 
Business insurance may cover property damages, liability for third-party damage and other loss events that may disrupt operations. It can also be a requirement for certain leases and contracts. ManyColorado businesses must carry specific policies, such as commercial auto and workers’ compensation.
What Does It Cover?
In general, business insurance may include the following:
- General liability insurance may provide coverage if your business is liable for advertising injuries, bodily injuries and property damage to a third party.
- Commercial property insurance may provide coverage if a burglary, fire, vandalism or natural disaster damages your property.
- Commercial auto insurance may provide liability and physical damage coverage.
- Professional liability insurance may cover losses caused by errors or negligence.
- Workers’ compensation insurance may cover your employees’ medical expenses and lost wages if they are injured or become ill in a work-related incident.
- Cyber insurance may cover losses from a cyberattack or data breach.
How Much Does It Cost?
Your insurer may consider the following factors when determining premiums:
- Location
- Industry
- Number of employees
- Employees’ driving records
- Property value of your office or storefront
- Value of assets used for business (e.g., equipment, tools, vehicles)
- Claims history
Get Covered Today
Contact Las Palmas Insurance Services today to learn more or request a quote.